NMDC corrects on profit booking

NMDC fell 2.30% to Rs 101.85 at 15:17 IST on BSE on profit booking after the stock rose 10.43% in the preceding two trading sessions to Rs 104.25 yesterday, 9 September 2015, from a recent low of Rs 94.40 on 7 September 2015.

Meanwhile, the BSE Sensex was down 125.61 points, or 0.49%, to 25,593.97.

On BSE, so far 2.96 lakh shares were traded in the counter, compared with an average volume of 2.57 lakh shares in the past one quarter.

The stock hit a high of Rs 102.15 and a low of Rs 99.50 so far during the day. The stock hit a 52-week high of Rs 183.65 on 10 September 2014. The stock hit a 52-week low of Rs 90.10 on 24 August 2015.

The stock had outperformed the market over the past one month till 9 September 2015, rising 0.19% compared with 8.91% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 14.65% as against Sensex's 2.88% decline.

The large-cap company has an equity capital of Rs 396.47 crore. Face value per share is Re 1.

NMDC's net profit fell 47.25% to Rs 1010.12 crore on 48% decline in net sales to Rs 1805.28 crore in Q1 June 2015 over Q1 June 2014.

The Government of India (GoI) holds 80% stake in NMDC (as per the shareholding pattern as on 30 June 2015).

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